The Taiwan stock market rebounded on Monday after a two-day decline, with the index closing just above 24,275 points. Global markets are expected to open lower, with Asian markets likely to follow suit. In the U.S., major averages finished in the red, with the Dow losing 349.27 points. Profit-taking influenced the market, despite optimism from Federal Reserve Chair Jerome Powell’s comments. Crude oil prices rose on concerns of extended sanctions on Russian exports. Taiwan will report July industrial production numbers, following an 18.65 percent increase in June.

Read more at Nasdaq: Taiwan Bourse May Hand Back Monday’s Gains